Swedish Economy Slows in Q3

Sweden’s GDP advanced a seasonally adjusted 0.3 percent on quarter in the three months to September of 2014, slowing from the previous quarter but beating market forecasts.

Figures for the second quarter were revised downwards to show the economy advanced a seasonally adjusted 0.5 percent instead of 0.7 percent.

Year-on-year, the GDP advanced 2.1 percent in the third quarter of 2014, following a revised 2.4 percent expansion in Q2. Both household and government consumption increased by 2.3 percent each. Gross fixed capital formation grew 4.0 percent; exports expanded 2.6 percent and imports rose 6.2 percent.

The central bank expects the economy to expand 1.9 percent in 2014 and 2.7 percent in 2015.

Swedish Economy Slows in Q3

SCB | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/28/2014 9:35:27 AM